Life Partners Holdings, Inc. (NASDAQ:LPHI)’s life settlement policies should be regulated under state securities laws, a Texas appeals court said, reversing a lower court that found the policies didn’t qualify. A three-judge appellate panel in Austin yesterday sided with a Dallas appeals court, which ruled in August that the company’s insurance-related products qualified as “investment contracts” subject to oversight by Texas securities regulators. Life Partners Holdings, Inc. (NASDAQ:LPHI) stock opened at $2.87 in last trading session, and closed at $2.61, trading in the range of $2.36 – $2.87. The stock showed a negative weekly performance of -2.61%.
JMP Securities assumed coverage on shares of Marlin Business Services Corp. (NASDAQ:MRLN) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm issued an outperform rating on the stock. Marlin Business Services Corp. (NASDAQ:MRLN) shares closed at $23.32 on last trade day, by losing -5.89%. Stock 52 week range is $18.34 – $29.58. Company’s market capitalization is $303.26 million.
China HGS Real Estate (NASDAQ:HGSH) issued its quarterly earnings data on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, Analyst Ratings Network reports. The company had revenue of $14.10 million for the quarter, compared to the consensus estimate of $11.00 million. China Hgs Real Estate Inc (NASDAQ:HGSH) stock decreased -7.72% and finished the last session at $4.42. The EPS of the stock remained 0.46. Company’s market capitalization is $199.12 billion.
Zacks lowered shares of ZipRealty (NASDAQ:ZIPR) to a neutral rating in a research report released on Thursday morning, AnalystRatings.Net reports. Zacks currently has $4.80 price objective on the stock ZipRealty, Inc. (NASDAQ:ZIPR) stock opened at $5.01 in last trading session and closed at $4.72. The 52 week range of the stock is $2.67 – $7.07 and the day range was $4.71 – $5.01.